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Dear Sir,
Pls let me know, the Sodexho Meal pass is taxable in the hands of employees?
Thanks
Act says Rs.50 per meal is exempted.
many companies fallowing
3000 p.m is exempted from tax excess over taxable in the hands of Employees.
i.e., 50 per meal, providing 2 meals per day so 100 per day. hence 3000 per month is exempted excess over taxable as perquisite
hence the taxable portion will attract TDS based on the slabs
- Ashok
AGREE WITH ABOVE RS 50PER MEAL
Yes agree.
Tea, Coffee or similar non alcoholic beverage during working hrs are not charged to tax.
Working hours means extended working hrs including OT etc.
I think Rs 50 per working day in a month is tax free,others may correct me.
Rs.50 per meal provided during office hours is exempted
some companies follow Rs.50/- per meal per day for 26 days, rest of the amount is taxable in the hands of Employee
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